Canadian Unemployment Rate Rises to 6.8% in February

Canada’s jobless rate increased to 6.8 percent in February of 2015, up 0.2 percentage points over last month as more people searched for work.
Statistics Canada | Carolina Cunha | 3/13/2015 1:16:06 PM
Compared with February 2014, full-time employment rose by 121,000 (+0.8 percent), while there was little change in part-time work. Over the same period, the total number of hours worked was up slightly (+0.2 percent).

In February, there were less 20,000 people working in manufacturing, the first decline in six months. There were fewer people working in natural resources (-17,000), information, culture and recreation (-12,000) and other services (-12,000). On the other hand, there were gains in construction (+16,000) and educational services (+ 15,000).

The number of public sector workers increased by 24,000 while there was no significant change in the number of private sector employees and the self-employed.

Employment increased among men aged 55 and older (+17,000), while there was little change in the other demographic groups. However, more women and youths were searching for work in February.

Provincially, employment declined in Alberta, pushing the unemployment rate in the province up 0.8 percentage points to 5.3 percent, the highest since September 2011. Employment also decreased in Nova Scotia, Newfoundland and Labrador, while it increased in Quebec and Ontario.

In the 12 months to February, employment increased by 130,000 (+0.7 percent) with most of the growth in the second half of the period.

Adjusted to US concepts, the unemployment rate in Canada was 5.9 percent (up 0.3 percentage points over January), while the rate in the United States was 5.5 percent. Compared with February 2014, the unemployment rate in Canada edged down 0.1 percentage points, while the US rate fell by 1.2 percentage points.

Canadian Unemployment Rate Rises to 6.8% in February